Thursday, May 31, 2012

I was having a conversation with a good friend yesterday about how John McCain impaled his election chances in 2008 when he selected the brain-dead, illiterate Sara Palin as his running mate. Even following Bush's disasterous last term for Republicans, it would have been hard to lose to an African-American community organizer with almost no DC experience and a name that sounded Islamic. I really think Palin was McCain's achille's heel.

Now Bill Maher has come up with a reasonable theory that Jersey Shore's "Snooki" may actually be an offspring of Sara Palin's:

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It surely makes sense to me: Inbred idiocy begets mongolism begets MTV's "Jersey Shore." I tried watching it once and you truly have to be a caveman to understand the grunting that passes for dialogue...

Indeed, if the Northern Hemisphere was destroyed in a nuclear war, the Federal Reserve, JPMorganChase, and HSBC would get some brokers to Sydney, Rio de Janeiro, and Johannesburg to sell gold futures massively and drive the price down by at least 5 percent. Kitco market analyst Jon Nadler would crawl out from the rubble and opine to the cockroaches that the gold price had fallen because so many gold buyers had been killed, as he always had predicted would happen. CPM Group's Jeff Christian would telephone New Zealand not to worry because he was flying down with reams of gold-colored paper that would work just as well in Wellington as it did in New York as long as nobody asked what was behind it. And the World Gold Council would console itself with whatever high-fashion models could be found wearing nose rings in French Polynesia."

John Embry, you're KILLING me !!

But seriously, folks:http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever

Also Dave, I'm pretty sure the Captcha sequences I'm getting here are a coded message from the Illuminati. I've been scrawling them in a notebook and though I haven't deciphered them entirely, I think they do spell out some cryptic allusion to Pal's thesis.

You say " Inbred idiocy begets mongolism"...I usually find your posts insightful and enjoyable to read, but to single out an unfortunate child in that way, and to slur a whole group of unfortunate people who have Down syndrome by suggesting they are the result of "inbred idiocy", is just cruel, untruthful, hurtful and totally unjustified, whatever you may think of the adults you mention.

Hi Dave, Are you unaware that Sarah Palin has a Down syndrome child? Your text reads as if that child is the result of Sarah Palin's "inbred idiocy". I can't believe that you meant to make such a derogatory remark about a small child. And no, it's not "funny"."mongolism" has not been the official name for Down syndrome since 1965.And sites like Wikipedia or the Mayo Clinic do not mention inbreeding as a cause of Down syndrome.

Ya I'm well aware. Big deal. Inbreeding breeds downs syndrome. So what. You want political and social correctness, go watch CNN. I'm here to call it as I see it and to report the truth. And my remark was with regard to Palin and Snooki. Not the kid who Palin is too busy with her own narcissism and self-aggradizement to properly care for...

Dave, obviously some of your readership lacks them funny bones...lighten up people. On a serious/sad note, the hoi polloi will only vote/follow those losers that are pretty and can provide consistent sound bites that the sheep will follow (e.g. TOTUS, Palin, et al). Human nature is often a mob mentality which is spelling disaster for our country's leadership and spelling $$$$ for the producers of the mindnumbing television spewed out on many channels (Snooki I am sure is thanking her lucky stars every day). If Ron Paul had the charisma of these "reality" TV douchebags and could dumb down his message for the hoi polloi to understand, we might yetdig out of our current mess. As it stands, I will be the "glass half full" guy trying to spread out the proverbial tarp to protect the sheep from the shiite hitting the fan by imploring physical PM ownership. But who am I kidding...deaf ears.

Something is working, maybe they have switched off the news to switch on Snooki. But I would take a bet that the Government are installing all those back doors because the front ones have ceased to work. I was talking to a dentist wife from Chicago who said voting was now arund 23% turnout in Chicago. She tried to tell me that the hoi polloi (poor blacks) should turn out for Obama. I pointed out 23% was the level they achieved in East Germany before the fall of the Stasi and refusal to vote was an accepted revolutionary act in a full lock down police state. Got a few stares at the dinner table but what the hell at least I've got a mouth.

"The number of the primetime viewers of America’s mainstream cable news network CNN has dropped to its lowest in over 20 years.

According to the latest figures in the United States, the network had its lowest-rated month in over a decade in April."

Palin was nothing more than a photogenic bimbo and why McCain chose her is beyond me, but it didn't really matter who McCain chose. Bush was so unpopular that even a rubber sex toy could have beaten the Republicans. As far as "snooki" is concerned, she looks like a bimbo as well based on the image google provided.

The plan from the start was to lose the election. The republicans had done enough damage. It was the democrats turn. That's why Romney dropped out. He didn't want the planned defeat on his record. So how was McCain to run a phony campaign? He couldn't run against the Bush legacy. He couldn't even promise reform like his opponent did. He might have been elected just by agreeing with his home state that illegal immigration was out of control and maybe speaking against financial fraud. But that never happened. People were starting to ask, why doesn't McCain act like he is serious about the presidency. Palin was a distraction to give the media something to focus on in place of the obvious lack of a campaign strategy. And it worked too. It's just sad that no one told Palin what her function was. She acts like she beleives she was a real candidate.

Eric Arthur Blair aka George Orwell

"Hope" is not a valid investment strategy

Full Time Jobs Over Last 5 Years

Is Your Gold Missing?

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Epic Quote - "Jesse" Sent This To Me

"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title." - Anonymous

The Basic Fundamental Problem

What's the solution?

“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS THE RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION OR LATER AS A FINAL AND TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED.”

Ludwig von Mises – Austrian Economist (1881- 1973)

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie? JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

Priceless Quote From Richard Russell

On Larry Summers: This doofus practically ruined Harvard when he headed it. I can't think of a worse choice to be chief economic advisor. I wouldn't trust Summers to manage a Starbucks franchise.

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.

Quote of the Month

And very relevant in the context of yesterday's post about gold moving higher against all fiat currencies:

Just imagine what would happen if a mere ten percent of the money currently going into bonds were instead to go into gold. As in 1972, the real move has yet to begin.

- Murray Pollit, Pollit & Co.

A Picture Says It All...

www.moneyandmarkets.com

Golden ore samples produced by Eurasian Minerals

Undisclosed exploration site

The Next Reserve Currency?

1 oz. Chinese Panda

Guess who said this?

Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies...What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment.

-Alan Greenspan, 9 Sep 2009

THIS is what REAL money looks like

1 oz. Gold Eagles

Alan Greenspan said what?

“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan

About Me

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance.
Currently I co-manage a precious metals and mining stock investment fund in Denver.
My goal is to help people understand and analyze what is really going on in our financial system and economy.